Sonali Dharmesh Mehta has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Awaiting price reaction for this filing.
Sonali Dharmesh Mehta, jointly with Dharmesh Anil Mehta (both promoters), has filed a Regulation 31(4) disclosure confirming that they and other promoter group entities have NIL encumbrance on their equity shares in DAM Capital Advisors during FY25. As of March 31, 2025, promoter shareholding stands at: Sonali Dharmesh Mehta jointly with Dharmesh Anil Mehta holding 63,04,350 shares (8.92%), Dharmesh Anil Mehta holding 1,44,02,450 shares (20.38%), and Boombucket Advisors Private Limited holding 75,67,600 shares (10.71%). Total promoter/promoter group holding adds up to roughly 40% of equity capital, with zero pledged or encumbered shares.
This is a neutral-to-positive disclosure for retail investors. It confirms promoters have not pledged any shares, eliminating short-term risk of forced selling from margin calls. However, with total promoter holding around 40%, there is room for creeping acquisition up to the 50% threshold under SEBI takeover rules.